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i respectfully disagree that the only democrats got elected in the past election. there was still a majority in the house of representatives republican that would return to office they ought not take ownership of something that will reduce jobs and growth. they ought not to do that or they'll be responsible for what happens in the next four years. let the democrats have their tax increases and you'll see what happens. >> as you speak, we have a fiscal cliff countdown clock right beneath you, 27 days and 12 hours. gentlemen, appreciate your time. thanks so much. >> thank you. governors gilmore and davis. >>> let's get to brian sullivan with the market flash. brian? >>> perhaps not happy here, carl, pby is falling today. they swupg to a third quarter loss. you can see the stock is down 13%, $6.8 million loss, basically 13 cents per adjusted share of a loss. wall street was expecting a prof profit. sales fell 2.4% quarter over quarter. of course the whole autoparts phase with a lot of action around this name, pby has been stuck in an $8 to $12 range for the better par
i respectfully disagree that the only democrats got elected in the past election. there was still a majority in the house of representatives republican that would return to office they ought not take ownership of something that will reduce jobs and growth. they ought not to do that or they'll be responsible for what happens in the next four years. let the democrats have their tax increases and you'll see what happens. >> as you speak, we have a fiscal cliff countdown clock right beneath...
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Dec 6, 2012
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they're going to help determine future elections. i think paul ryan and marco rubio, they're trying to rebrand themselves and recast the republican party as a party of diversity and perhaps big ideas and a larger goal post. but i want to say this because i have to say this as vice chair of the party. as you know, the democratic party has a large and broad and deep base including vice president biden, who's done a terrific job in his capacity as the second in command, but also, we have governors. a lot of diversity. duval patrick and we can all look as governor cuomo, you have elizabeth warren that might be considered presidential. so i don't want to throw all our eggs in one basket because there are so many wonderful people. martin o'malley, for example, the governor of colorado. like the republicans, this will be a large field of candidates, but there's fo question if secretary of state hillary clinton decided to throw her gloves into the race, game on. >> she got a lot of competition. >> david frum, you think the republican party's
they're going to help determine future elections. i think paul ryan and marco rubio, they're trying to rebrand themselves and recast the republican party as a party of diversity and perhaps big ideas and a larger goal post. but i want to say this because i have to say this as vice chair of the party. as you know, the democratic party has a large and broad and deep base including vice president biden, who's done a terrific job in his capacity as the second in command, but also, we have...
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Dec 5, 2012
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they don't have an election until november of 2014. they need to say look, you want to negotiate seriously, we'll sit down and talk. you don't want to negotiate seriously, the country will survive going off this cliff. it's largely a factor in terms of american history, the people will not look back on as a giant tragedy. we need to have serious effort to get this country reorganized and i see no sign that the political system today is at all prepared for that kind of serious thinking. >> but what is so serious about the thinking of a party that just is implacably opposed to raising income tax even for the richest 2%? because the american people don't give a stuff. in all the polls, two-thirds of them are yes, let's tax the wealthiest 2% and by the way, that's me and you, newt. i don't know about you, i'm quite happy to pay a little bit more if it helps the general good. are you? >> well, piers, i'm happy for you to pay it, too. if you want to write a check this evening, the treasury will accept it. i'm delighted with your sense of cit
they don't have an election until november of 2014. they need to say look, you want to negotiate seriously, we'll sit down and talk. you don't want to negotiate seriously, the country will survive going off this cliff. it's largely a factor in terms of american history, the people will not look back on as a giant tragedy. we need to have serious effort to get this country reorganized and i see no sign that the political system today is at all prepared for that kind of serious thinking. >>...
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ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >> oh, yeah. i think it will slow down again. i think people will hunker down, particularly are the whole fiscal cliff story hanging. even if it goes over, which i predict it will -- >> so do i. >> diana, what are you seeing? >> in the high ends where dolly works, of course it's going to have a big effect. let's keep this in perspective when we look at the housing recovery. homes price ed over $1 million were just 1.7% of sales in october. this is a minuscule amount when you look at the overall housing market and the recovery. that's why we're not seeing prices come dow
ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >>...
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lou: he just lost his state in a national election. >> romney lost the state. the unemployment rate in ohio has gone down was due to policies. >> sorry about these governors. they have made there stay solvent. but look. -- [talking over each other] >> if i may. my heart is filled with excitement. i am so excited as i hear you tell me how good things are at the state level. there are governors out there. there are state legislatures, 26 of them controlled by republicans. i am not suggesting that the republican party has disappeared i am suggesting that national leaders to deal with the white house in a campaign structure@ that is still campaigning relentlessly after winning a presidential election -- >> the speaker has not buckled. he said la land. lou: did he say lolland all by himself? >> this is serious. here is what we can do. here is what we want to do. take the politics out of it. they'd be partisan is this right now. a higher probability they can come to a deal or look like heroes. if they try to make this work there will be in very serious trouble for so
lou: he just lost his state in a national election. >> romney lost the state. the unemployment rate in ohio has gone down was due to policies. >> sorry about these governors. they have made there stay solvent. but look. -- [talking over each other] >> if i may. my heart is filled with excitement. i am so excited as i hear you tell me how good things are at the state level. there are governors out there. there are state legislatures, 26 of them controlled by republicans. i am...
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Dec 10, 2012
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i am frustrated the rnc did not launch it before the election. they claim they did not have funding for it. which boggles the mind when you think of the rnc. they raised a lot of money. i think if they had launched it, it could have put activities behind it. it could have had meaningful impact. the decision was made not to. that speaks to what i was talking about earlier. we cannot give lip service to, we are the party of inclusion. we mean it. we really do. it was an epic fail 2012 in my opinion. >> let's watch and get your reaction. [video clip] >> there are all types of proposals. that is what we need right now. if we had some more targeted solutions, we would move down the road. it has been really hard to get anything accomplished. >> that was back in april, 2012. what do you think? would you have been behind the president's jobs bill? >> i would not. i think it is a bunch of poppycock. the president wanted $400 billion more funding from congress to support his jobs bill, which was going to create jobs for what i would consider his winners an
i am frustrated the rnc did not launch it before the election. they claim they did not have funding for it. which boggles the mind when you think of the rnc. they raised a lot of money. i think if they had launched it, it could have put activities behind it. it could have had meaningful impact. the decision was made not to. that speaks to what i was talking about earlier. we cannot give lip service to, we are the party of inclusion. we mean it. we really do. it was an epic fail 2012 in my...
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sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >> the fed is important. it's another one of those two-day meetings. they're going to take down operation twist. this will be important because he gets to announce at a press conference. that gives them a chance to explain what the mood of the meeting was. it will give them a chance to hear what the new proposal, qe whatever, is supposed to do and how they want to set it up. so i think the markets will hone in on that very, very carefully. >> do you think we see an acceleration of purchases, a revamp of twists? will there be an event as i said earlier? >
sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >>...
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you cannot have what i offered you before the election. what election? that's how the republican house speaker is playing the game this week. maybe in the world of the beltway and the sunday morning talk shows, maybe that makes sense. in the real world, here's what happened. here's the bigger picture. our economy broke very, very badly. not long ago on a historic scale. now in the real world, we are having these tiny little glimmers of recovery of economic growth. the first blue bar, that's when the stimulus bill went into effect. the stimulus kicks in and the economy starts to grow after having fallen off a cliff. that's the real cliff. just the other day, we learned our latest glimmer of growth was bigger than we had thought it was, which was awesome. the bad news, though, is that we are in danger of falling back. we are in real danger. the deficit is not the biggest problem in the country. the deficit is shrinking by hundreds of millions of dollars every year the president has been in office. to the extent we need to use debt to accomplish other goals
you cannot have what i offered you before the election. what election? that's how the republican house speaker is playing the game this week. maybe in the world of the beltway and the sunday morning talk shows, maybe that makes sense. in the real world, here's what happened. here's the bigger picture. our economy broke very, very badly. not long ago on a historic scale. now in the real world, we are having these tiny little glimmers of recovery of economic growth. the first blue bar, that's...
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elections. so, let me just quote one final citation in closing from the egyptian muslim brotherhood's web site before they realized everyone was reading it and then learned the lesson of western p.r. quote, if democracy means that people decide who leads them, then we accept it. if it means that people can change the laws of allah and follow what they wish to follow, then it is not acceptable. that's the heart of the story and it is not the path to democracy. thank you. >> it's getting a little feisty here. but bring up brian. >> it's great to be here. i love the spirit of this. i'm probably going to bring this back a notch. i think a big part of this is the definition aspect of what is is lama, who was winning how much? pay attention to those details. i want to make three points. two to the motion and another about policy. number one and, i think the question of islam and democracy and whether it is compatible, not what we are debating, is the charm of the irrelevant question. you have many mus
elections. so, let me just quote one final citation in closing from the egyptian muslim brotherhood's web site before they realized everyone was reading it and then learned the lesson of western p.r. quote, if democracy means that people decide who leads them, then we accept it. if it means that people can change the laws of allah and follow what they wish to follow, then it is not acceptable. that's the heart of the story and it is not the path to democracy. thank you. >> it's getting a...
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bush was elected and liberal democrats saying, oh, my gosh, we're never going to win another election, i always caution people are conservative like me, look, republicans can make a come back, they can win in 2014 and 16. you shouldn't abandon your basic principles, in my view that would be the worst thing to do. >> the tea party has said, look, we're for smaller government, less government interference. >> we have this historical battle between thomas jefferson and alexander hamilton going all the way back to that point, how much government do we want or not want. but on an optimistic note, we always seem to manage to get beyond this. >> congress is busy at work and just not on the fiscal cliff. ac, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ bp has paid overthe people of bp twenty-threeitment to the gulf. billion dol
bush was elected and liberal democrats saying, oh, my gosh, we're never going to win another election, i always caution people are conservative like me, look, republicans can make a come back, they can win in 2014 and 16. you shouldn't abandon your basic principles, in my view that would be the worst thing to do. >> the tea party has said, look, we're for smaller government, less government interference. >> we have this historical battle between thomas jefferson and alexander...
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but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman ellsworth voted for the largest cuts in medicare history, over $500 billion. robin carnahan supports $500 billion in medicare cuts, hurting seniors most. rand paul doesn't support higher medicare deductibles for seniors. conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power playç of all in obama care cam at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended medicare by nearly a decade. their plan ends medicare as we know it. >> on medicare, for current retirees, he's cutting is $716 billion from the program. i can't under
but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman ellsworth voted for the largest cuts in medicare history, over $500 billion. robin carnahan supports $500 billion in medicare cuts, hurting seniors most. rand paul doesn't support higher medicare deductibles for seniors. conway distracts with negative ads...
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the speaker characterizing this as a status quo election. that's not the way the white house sees it. the white house sees it as an election they won and they picked up seats in the congress. the speaker here reminding the president, hey, you know what, we control the house of representatives. he goes on to characterize the president's proffer from last week. boehner saying, we cannot in good conscience agree to this approach which is neither balanced nor realistic. they talk about possibly raising some entitlement reform proposals with the president. but then the speaker and his co-signers here have this sentence, mindful of the status quo election and questions on entitlement reform we recognize it would be counterproductive to privately or publicly propose entitlement reforms you or the leader of your party are unwilling to changed in near term. boehner is laying out a revision going back to the simpson/bowles plan in some way, shape or form and that's the gist of this offer from the speaker to the president. we're diving into it in real
the speaker characterizing this as a status quo election. that's not the way the white house sees it. the white house sees it as an election they won and they picked up seats in the congress. the speaker here reminding the president, hey, you know what, we control the house of representatives. he goes on to characterize the president's proffer from last week. boehner saying, we cannot in good conscience agree to this approach which is neither balanced nor realistic. they talk about possibly...
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egypt's first elected president, mohamed morsi wanted to bring calm with a televised address tonight. he didn't. last month morsi granted himself near-absolute power. thousands of protesters are demanding that morsi scrap a proposed new constitution that they fear will take away many of their rights. holly williams is in cairo for us tonight. holly. >> reporter: well, scott, some people here thought that after days of protest and bloodshed, president morsi would make a major concession tonight but what he did offer won't be enough theirs opponents. they wanted him to immediately give up all of the sweeping new powers that he gave himself two weeks ago and they wanted him to postpone a referendum on egypt's new constitution, which is due to take place in under 10 days' time. they say that constitution doesn't protect the rights of all egyptians. but president morsi didn't do either of these things. instead, he offered to give up just one of his new powerses, a vaguely worded right to take all necessary steps to protect the country. he said he'd give up all the other powers once the ref
egypt's first elected president, mohamed morsi wanted to bring calm with a televised address tonight. he didn't. last month morsi granted himself near-absolute power. thousands of protesters are demanding that morsi scrap a proposed new constitution that they fear will take away many of their rights. holly williams is in cairo for us tonight. holly. >> reporter: well, scott, some people here thought that after days of protest and bloodshed, president morsi would make a major concession...
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she helped raise hundreds of thousands of dollars for his re-election. so what might happen when high fashion meets high-wire diplomacy? abc's david wright. >> reporter: she's a woman renowned for exquisite taste and withering looks. the inspiration for meryl streep's character in "the devil wears prada." >> you have no style or sense of fashion. >> i think that depends on what your -- >> no, no, that wasn't a question. >> reporter: a portrayal anna wintour may not have enjoyed, but she told barbara walters she respected it. >> did you recognize any part of yourself? >> well, i'm a very decisive person, so if meryl seemed somewhat strong, i respect that. >> reporter: she is the single most powerful woman in the fashion industry. her influence felt not just on the runway but in the shopping malls too. as the documentary "the september issue" revealed, the editor of "vogue" doesn't mince words. >> i feel it's quite one-dimensional. >> reporter: she raised millions for the president's re-election. >> so please join us. but just don't be late. >> reporter: a
she helped raise hundreds of thousands of dollars for his re-election. so what might happen when high fashion meets high-wire diplomacy? abc's david wright. >> reporter: she's a woman renowned for exquisite taste and withering looks. the inspiration for meryl streep's character in "the devil wears prada." >> you have no style or sense of fashion. >> i think that depends on what your -- >> no, no, that wasn't a question. >> reporter: a portrayal anna...
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despite losing the election. first of all, he says, their in-house production operation allowed them to churn out ads in record time. but minchillo also says if you make the chinese news agency angry, i figure you're doing something right. romney drew the wrath of china's news agency for promising to label them a currency manipulator. unfortunately for the mad men, it wasn't just the chinese who were paying attention. a general motors spokesman accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs over to china. >>> finally, a toddler takes in cnbc's fiscal cliff talk. [ laughing ] >> that's like young kids who say they like me saying "let's play hardball." anyway, that's going viral, obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people? half think aa.c.o.r.n., which no longer exists, stole the election. what is this fringe called? it's called the gop. wait until you see these s
despite losing the election. first of all, he says, their in-house production operation allowed them to churn out ads in record time. but minchillo also says if you make the chinese news agency angry, i figure you're doing something right. romney drew the wrath of china's news agency for promising to label them a currency manipulator. unfortunately for the mad men, it wasn't just the chinese who were paying attention. a general motors spokesman accused them of entering into a parallel universe...
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look what happened after the election. the stock is up over 1,000% since going up in august. take that, facebook. >> well said, jane. thank you very much. all right. so could legalizing marijuana help dig us out of our financial hole? let us bring in the executive director of the national organization for the reform of marijuana laws, known better has normal. any input into the financial benefits of the impact of tax revenue and the benefit of simply putting fewer people into jail for carrying a dime bag of pot around. >> of course. in the united states 850,000 people a year are arrested for marijuana. that's about 100,000 people in jail. the windfall savings from not having to arrest, prosecute, imprison, and pee test these individuals, the savings runs into the $10 billion to $15 billion according to the economist at harvard university. of course, the tax revenue, whether it's from the licenses or the sales tax in the state of washington alone, they're look at $540 million to $600 million. >> $540 million to $600 million a year. this is terrifying, allen. in 1966, cops arre
look what happened after the election. the stock is up over 1,000% since going up in august. take that, facebook. >> well said, jane. thank you very much. all right. so could legalizing marijuana help dig us out of our financial hole? let us bring in the executive director of the national organization for the reform of marijuana laws, known better has normal. any input into the financial benefits of the impact of tax revenue and the benefit of simply putting fewer people into jail for...
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Dec 6, 2012
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in fact, he says he's willing to spend even more money in the next election. so the courting begins. at a recent vent for republican governors, he met with louisiana's bobby jindal. it should be noted, money doesn't always buy victories. $150 million adelson donated, these groups across the country, only one senator dean hellor of nevada actually won his race. >> look at that. senator marco rubio is taking a second crack at science. he's trying again. he's clarifying an answer he gave gq last month when asked about the age of the earth. rubio took some grief for saying in part he was not qualified to answer. >> he's not a scientists, man. >> calling it one of life's great mysteries. >> that and like why is hair growing on my knuckles. >> we should ask him. at a breakfast yesterday, mark allen gave the senator a chance to explain his answer. >> so how old do you think the earth is? >> let me tell you the answer i gave. the answer i gave was trying to make the same point the president made a few years ago. that is there is no scientific debate on the age of the
in fact, he says he's willing to spend even more money in the next election. so the courting begins. at a recent vent for republican governors, he met with louisiana's bobby jindal. it should be noted, money doesn't always buy victories. $150 million adelson donated, these groups across the country, only one senator dean hellor of nevada actually won his race. >> look at that. senator marco rubio is taking a second crack at science. he's trying again. he's clarifying an answer he gave gq...
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that's right, on election day. up next, pro-democracy, protests turning increasingly violence in egypt. how long dii can -- how long can president morsi remain silent, and how long did president obama do nothing? we'll ask lou: this is just in. a senior u.s. official as telling fox news that serious military has mixed chemical weapons and apparently is ready to use them. the chemical weapon has assembled a deadly nerve gas. the syriaa military has about 60 days in which to use this until it expires. it will then need to be destroyed. joining us now is the "a-team." james toronto, mary anne marsh, bradley graham. thank u all for being here. the national debt to the fiscal cliff. what are your thoughts? >> i don't think it matters all that much. i agree with bill clinton's comment from the earlier segment. >> im agreeing with him as a matter of analysis. it doesn't appear that obama is aiming to do something big and constructive here. he is aiming for a victory on a small point of dispute. that is sort of the lowest
that's right, on election day. up next, pro-democracy, protests turning increasingly violence in egypt. how long dii can -- how long can president morsi remain silent, and how long did president obama do nothing? we'll ask lou: this is just in. a senior u.s. official as telling fox news that serious military has mixed chemical weapons and apparently is ready to use them. the chemical weapon has assembled a deadly nerve gas. the syriaa military has about 60 days in which to use this until it...
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Dec 2, 2012
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we talked about the presidential election. what caught my fancy is congressman ryan and senator rubio will be at the jack camp center as guests. i believe rubio or ryan is receiving an award. just 2016 came to mind fp fp you're looking at which ever one catches your fancy, the democratic landscape or the republican landscape for 2016, these are pretty prominent names. >> i think they're both top contenders on the republican side. paul ryan is the defacto leader. he's supposed to be very influential though he's hiding from the press which is interesting. we know that marco rubio is running. will ryan support it. will he gets blamed if he does by the purist in the party. will marco rubio turn immigration around which is very risky with the base. >> it's interesting where the republicans have now suffered a loss. clearly mitt romney is not going to be be party leader. they don't actually have one and you watch the wilderness fight for a while. >> candy, i hate to say this because i know we all want to play along with 2016. i thin
we talked about the presidential election. what caught my fancy is congressman ryan and senator rubio will be at the jack camp center as guests. i believe rubio or ryan is receiving an award. just 2016 came to mind fp fp you're looking at which ever one catches your fancy, the democratic landscape or the republican landscape for 2016, these are pretty prominent names. >> i think they're both top contenders on the republican side. paul ryan is the defacto leader. he's supposed to be very...
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our people in an overwhelmingly matter supported the re-election of this president and there ought be to a quid pro quo and we ought to exercise leadership on that. not just that, but why not? >>neil: what do you thing 1/2? >>guest: it is unfortunate. that is one council woman's comments. a challenge in detroit the city council and the mayor have not been on the same page. they are running out of time. they have been in a financial crisis if a long-term and it is an emergency. i am asking, actually, for a review to go in and spend 30 days starting next week to say, what is the situation on the ground and get things done or we have to look at other options. >>neil: her comments highlight what has been an attitude by unions and others to seize the moment and the initiatives and say president obama, we helped bring you this election and there is much to be said. they brought out the vote. the passion vote forment mit, the passion never turned out for the republicans but it did on the democratic side and they want a reward. what do you think of that? >>guest: i would not overread. that is
our people in an overwhelmingly matter supported the re-election of this president and there ought be to a quid pro quo and we ought to exercise leadership on that. not just that, but why not? >>neil: what do you thing 1/2? >>guest: it is unfortunate. that is one council woman's comments. a challenge in detroit the city council and the mayor have not been on the same page. they are running out of time. they have been in a financial crisis if a long-term and it is an emergency. i am...
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, meaning the president, and re-elected us. that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and it's only wednesday. >> right. >> reporter: they are going to go home. they are not going to be in session on thursday or friday. i asked the speaker whether that is got optics for the house to leave town while the fiscal cliff is so close in front of us and that is the answer, that he will be in town, ready, willing, and able to talk to the president at any time. so that was really the issue. the house republican leadership, i tell you, they say they simply don't have any legislation to put on the floor. that's why they are play sending their members
, meaning the president, and re-elected us. that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and...
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when do you do election reform? well, i think when there's not an election going on and people are paying attention. i want to thank you for doing this. this has been a story that we have spent countless hours on, leading up to the election. but how do you see the federal government setting standards? what does the l.i.n.e. act do for states like ohio and florida, where there have been problems? >> well, first, thank you for all the work you've done on this. i'll tell you, my heart sank when i saw those lines, because i thought back to the '04 election in ohio. and i don't know if you know this, but i actually stalled thç electoral college vote, because i was so incensed when i learned that in minority precincts in ohio, people waited for 12 hours to vote and many gave up. it was pouring down rain. this is really disen chancement. so the congress has the perfect right to get involved in setting standards. i'm proud that the states are going to do it. good for them. i'm happy they're ready to fix it. but they have t
when do you do election reform? well, i think when there's not an election going on and people are paying attention. i want to thank you for doing this. this has been a story that we have spent countless hours on, leading up to the election. but how do you see the federal government setting standards? what does the l.i.n.e. act do for states like ohio and florida, where there have been problems? >> well, first, thank you for all the work you've done on this. i'll tell you, my heart sank...
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presidential election is over. the federal reserve, by the way, will be watching to see what the fed does in terms of monetary policy. we know it will keep interest rates very low. will they have any stimulus up their sleeve? all of this are things we're still looking forward to. fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you working? that's the number that gives us the unemployment rate. they also talked to thousands and thousands of companies and they say how many jobs do you have? how many jobs have you added? that's how you get that net job creation number up 146,000. when the governm
presidential election is over. the federal reserve, by the way, will be watching to see what the fed does in terms of monetary policy. we know it will keep interest rates very low. will they have any stimulus up their sleeve? all of this are things we're still looking forward to. fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my...
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we just had an election all about this. why does not white house figure that these kinds of appearances are helpful when both sides positions are pretty well locked in already? >> because this president and this white house have concluded that public pressure is what will make republicans bargain with him and deal on his terms. after the private grand bargain negotiations in the summer of 2011, they concluded they weren't simply going to do it behind closed doors with republicans. president went out and campaigned. he hammered republicans beginning in the fall of 2011. he won the election and he was trying to keep the pressure on to get them to bargain. >> all right, john har wood, thank you very much. >> let's stay in washington but capitol hill now, keeping a close eye on the negotiations, among the key congressional leaders. what the update, amman? >> well, there is total radio silence about the meeting between boehner and obama at the choice yesterday. we are told to expect that boehner will brief top republican leaders
we just had an election all about this. why does not white house figure that these kinds of appearances are helpful when both sides positions are pretty well locked in already? >> because this president and this white house have concluded that public pressure is what will make republicans bargain with him and deal on his terms. after the private grand bargain negotiations in the summer of 2011, they concluded they weren't simply going to do it behind closed doors with republicans....
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again our two fiscal cliff portfolios for the first time since the election of november 6th, they are betting we will not go over the fiscal cliff interestingly enough. right now the dow up just 15 points as we head towards the close. much more to come on the second hour of "closing bell." >>> and it's that time of day. it's 4:00 p.m. here on wall street. maria will be back in the seat tomorrow. as the clock winds down to the fiscal cliff deadline, this is how we're finishing on wall street. at this stage it looks like we got a gain of only 14 points for the dow. obviously we were higher than that, not much more but were higher earlier in the day. the nasdaq up by only eight points and the s&p finishing up by just a trickle of positive. well, ticktock. the market is closed. seems to be waiting once again for some clear signal on what's going to happen with regards to the fiscal cliff. how can you make money in the final trading sessions of the year amongst all this uncertainty? >> we have definite answers coming with our panel. back with us nathan bachrach from the financial network.
again our two fiscal cliff portfolios for the first time since the election of november 6th, they are betting we will not go over the fiscal cliff interestingly enough. right now the dow up just 15 points as we head towards the close. much more to come on the second hour of "closing bell." >>> and it's that time of day. it's 4:00 p.m. here on wall street. maria will be back in the seat tomorrow. as the clock winds down to the fiscal cliff deadline, this is how we're finishing...
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dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the big shot hollywood agency william morris to represent him in the next phase of his career. william morris is run by r.e.m. manuel, the brother of chicago mayor and the inspiration for the character ari goldman the
dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the big shot hollywood agency william morris to represent him in...
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i was re-elected. the american people understand that we have a serious fiscal challenge in our country. we want to meet obligations to the seniors. we have work to do. we have committed to spending cuts. we need the republicans to commit to some revenue while protecting and strengthening the middle class. protect the tax cuts of the middle class and expand opportunity for success in the country, that we really work toward economic growth the right way and a partner. it's got to be spending cuts and revenue. >> what do you feel about this proposal, if you will, that's been floated out by some to deal with the tax cuts now and deal with the other issues of medicare and i bring0u$ medicae because you have concerns about co-pay and other issues that could affect a number of people, not just in your state but of course we know throughout. >> there are a number of issues facing us. i think it's very important to extend the middle class tax cuts and it's great if it's true but we haven't heard speaker boehn
i was re-elected. the american people understand that we have a serious fiscal challenge in our country. we want to meet obligations to the seniors. we have work to do. we have committed to spending cuts. we need the republicans to commit to some revenue while protecting and strengthening the middle class. protect the tax cuts of the middle class and expand opportunity for success in the country, that we really work toward economic growth the right way and a partner. it's got to be spending...
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which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step. a down payment. ironically they all know what -- in the big picture needs to be done. they know you have to fix entitlements, do something on the tax side, but they're trying to figure out how to get from here to there. >> and let's just stop there, because let's say the white house now presented a here. how long do we have to wait for the republicans to come forward with the there? >> well, i think what we're going to end up with probably is a smaller here that gets us to something that they're going to need to work on in the
which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step....
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women to get elected into congress. but right now, it is the most successful ways to get elected into congress. the parallels are getting too perfect here. last time around we had congressman charlie rangel urging him to run are and it takes the same shape. >> but to answer your question to anna marie coxe, whether i thought she would want to run for senate. hell to the nah. that is no way. that the first lady would run for senate. did you see her reaction on the clip that you showed on "the view"? >> she said no way. everything that we know about her. we know she doesn't want to run for elective office. politics is a hard game and she went through it in the first campaign. president obama's first campaign and it wasn't terply pleasant. can you imagine what it was like to put yourself up and stand on your own two feet? >> she watched her husband fight fights that she shouldn't have to. i think she knows there are other ways to impact the system from the outside in. she will find those but it won't be from public office.
women to get elected into congress. but right now, it is the most successful ways to get elected into congress. the parallels are getting too perfect here. last time around we had congressman charlie rangel urging him to run are and it takes the same shape. >> but to answer your question to anna marie coxe, whether i thought she would want to run for senate. hell to the nah. that is no way. that the first lady would run for senate. did you see her reaction on the clip that you showed on...
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and what i heard over and over our leaders aren't leading and the election didn't send a clear message, the song of the hugh once said, meet the new boss, same as the old boss pt sate president, same senate and same house. we may have barely moved the chairs around on the deck of the sinking "titanic," but maybe we're putting faith in human beings,no getter at serving. >> and you pay your bills and show up for work. washington s to borrow from the chinese to pay its bill and barely shows any real work. it occurred if they won't listen to us, i wonder if they'd listen to a stronger voice, if he'd speak with burning bush, and part it seems likes he knows how get through. since neither party seems to listen to us, what would happen if god asked them to speak to him ap listen to him. >> january 20th might have more of an effect than a million voice marsh. what if americans simply prayed, i'm not talking one side to win over the other, i'm not sure the almighties to register with either of the that. i'm not sure that we're short enough to know what the creator revealed. and you set aside a
and what i heard over and over our leaders aren't leading and the election didn't send a clear message, the song of the hugh once said, meet the new boss, same as the old boss pt sate president, same senate and same house. we may have barely moved the chairs around on the deck of the sinking "titanic," but maybe we're putting faith in human beings,no getter at serving. >> and you pay your bills and show up for work. washington s to borrow from the chinese to pay its bill and...
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that was before the election. and i just holding the ground is going to be important, no question about that. i get a sense the democrats are unified. but going over the cliff, that affects the constituents big time. correct? >> how do you hold that together? >> there's unanimity that july 25th, we passed tax cuts for the 98% to continue this tax policy that they get an average tax cut meaning if it expires, their taxes go up. republicans know that. republicans know if they don't do it by january 1st, we're going to keep passing tax cuts for the middle class. if they keep saying no, eventually they won't because the public pressure will be on them they need to step up. they have to quit protecting. they do everything in the name of the wealthy. >> okay. sherrod brown, stay with us. i appreciate it. >>> it looks like senator-elect elizabeth warren, a champion of financial reform, will get a spot on the banking committee. >>> and senator john mccain hints he might favor filibuster reform. debbie stabenow is here on
that was before the election. and i just holding the ground is going to be important, no question about that. i get a sense the democrats are unified. but going over the cliff, that affects the constituents big time. correct? >> how do you hold that together? >> there's unanimity that july 25th, we passed tax cuts for the 98% to continue this tax policy that they get an average tax cut meaning if it expires, their taxes go up. republicans know that. republicans know if they don't do...
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and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes. 40 gop senators also kept that pledge. even president george w. bush, the man who got us into two wars we didn't pay for. the president who exploded our deficit. he insisted the solution to our problems were more tax cuts. president clinton handed him a $236 billion surplus. a surplus. and left office with a $1.2 trillion deficit. but he just had to keep those tax cuts coming, but something remarkable may be happening in our politics. we're on the verge of something big. after decades of silliness, this lock-step republican fantasy that has hurt our country, president obama is close to breaking the gop tax unity. >> unfortunately, the speaker's proposal right now is s
and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes. 40 gop senators also kept that pledge. even president george w. bush, the man who got us into two wars we didn't pay for. the president who...
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it's unlikely that in a formal election they're going to elect a democrat from south carolina to come to washington. hasn't happened in a while. my sense is that republicans will hold that seat eventually and whatever happens with jim demint. i was surprised that he decided to make that decision. we invited him to come on our show today and explain what's going on. i'm sure he's frustrated like a lot of conservatives are that president obama was re-elected for another four years and he worked hard to try to help romney get elected, help republicans and it's a source of frustration. a different challenge for him running a major think tank in washington and let's see how he does. >> for the time being it doesn't change the balance of power as the republicans aren't in control of the senate. >> there's a republican governor in south carolina and so she'll name someone in the short-term. i assume that's how it will work. once there's another election, i assume a republican will fill that seat. >> and i know you'll have much more on the fiscal cliff and any developments that hopefully we'l
it's unlikely that in a formal election they're going to elect a democrat from south carolina to come to washington. hasn't happened in a while. my sense is that republicans will hold that seat eventually and whatever happens with jim demint. i was surprised that he decided to make that decision. we invited him to come on our show today and explain what's going on. i'm sure he's frustrated like a lot of conservatives are that president obama was re-elected for another four years and he worked...